Georgia: News Releases

ADB President Takehiko Nakao today participated in the inaugural ceremony of the CAREC Institute, together with more than 100 participants from CAREC member countries and development partner organizations.

Bank of Georgia has signed a $75 million one-year Club Trade Finance Facility arranged by Citi with ADB, through the Trade Finance Program in the form of a guarantee, and IFC.

ADB today approved a $80 million loan to rehabilitate a secondary road in central Georgia.

ADB has approved a $114 million loan to help improve regional connectivity and road transport efficiency in Georgia, while strengthening the country’s bid to become a regional transport and logistics hub.

ADB and the Government of Georgia have signed a $99 million ADB loan to upgrade water supply, sewerage, and sanitation systems for nearly 62,000 people in the secondary towns of Marneuli, Bolnisi, and Chiatura.

ADB's Trade Finance Program (TFP) launched a two-day workshop for trade finance professionals in Tashkent. A total of 48 participants representing 36 banks from seven Central Asia and Caucasus countries are attending.

ISLAMABAD, PAKISTAN – Asian Development Bank (ADB) President Takehiko Nakao concluded a 2-day visit to Pakistan today. He met with Prime Minister Mian Muhammad Nawaz Sharif; the Finance Minister and ADB Governor, Senator Ishaq Dar, and other senior officials; and attended the 15th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference, which welcomed Georgia as its 11th member.

The Asian Development Bank (ADB) and JSC BasisBank (BasisBank) signed a trade finance agreement to provide guarantees of up to $3 million a year to support trade in Georgia.

ADB has approved a $100 million loan to help the government better mobilize domestic resources to address limited availability of finance for small businesses and increase access to long term finance.

ADB has raised GEL64 million (approximately $30 million) from a Georgian lari denominated bond sale to support development of the local capital market and microenterprises in Georgia.